![[src + arch inside] US government will run out of money by October 18, Treasury secretary says [1141x765 - 1011KB]](https://poal.co/static/images/orjBdE.png){kind=link}
Yes and no. The VAST majority of our "debt" isn't actual debt. It's promised spending that's in bulls for things like welfare. It's not debt to anyone. China owns like $1 trillion in bonds.
Yes and no. The VAST majority of our "debt" isn't actual debt. It's promised spending that's in bulls for things like welfare. It's not debt to anyone. China owns like $1 trillion in bonds.
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